Investment group buys Lauderdale service shop

Publish date:
Social count:

Nautic and Co America, a full-service yacht repair company based at the Lauderdale Marine Center in Fort Lauderdale, recently announced that it was purchased in October 2009 by an investment group looking to expand into the marine industry.

The holding company, Nautic Enterprises LLC, consists of six investors from around the country.

"From our perspective, we think that things are on an upswing and it would be a good time to get into the industry," said Harold Markle, managing partner for the project, in a statement. "Our goal is to become the biggest and the best full-service yacht repair company in the area, and we will accomplish that by providing exceptional quality and customer service at a fair price."

Nautic and Co America was founded in 1998 primarily as a sailboat repair company. After moving its headquarters around the area for several years, the company became one of the first tenants at the Lauderdale Marine Center.

Markle and his team hired nine new workers when they purchased the company and Nautic and Co America currently employs 14 craftsmen in several specialty areas.

"It is important to me that our team is well-trained and certified in their area of focus," he said. "I am also very safety conscious and recently had many members of our team complete a 10-hour OSHA scaffold safety course."

Recent projects include the extension of a 50-foot catamaran, a complete interior refit on a 65-foot cat and a paint job on a 120-footer, the company said in a statement.


Dealers cautiously optimistic in March

Potential tariffs on aluminum and aluminum sheet are the most concerning policy issue facing the industry outside of workforce challenges, with the spread of E15 following closely behind, according to a new dealer survey.

Hinckley’s Scott Bryant

The Hinckley Company has long been a leader in technology, and in 2017, it became the first production boatbuilder to roll out an all-electric luxury yacht, Dasher.

Full Slate at ABC

A slew of major marine industry issues — including some it has confronted for years — are closer than ever to being resolved, making the American Boating Congress, May 9-11 in Washington, D.C., the most crucial to date, organizers say.